Korea quickly catching up to Taiwan in ultra HD industry

South Korea rapidly expanded its presence in the global ultra HD industry over the past six months, data showed Friday, narrowing its gap with Taiwan, which garners around half of the market.

Asia’s fourth-largest economy took up 33.2 percent of the global UHD market in February, advancing sharply from the 6.2 percent posted in July last year, according to data compiled by industry researcher DisplaySearch.

Taiwan, the world’s No. 1 maker of UHD panels, accounted for 85.3 percent of the market in July 2013, but its share sharply lost ground to reach 52.8 percent last month, following the rise of South Korean players.

China accounted for 11.5 percent of the global market last month, followed by Japan with 2.5 percent, the data also showed. (Yonhap)